TNPSC Current Affairs March 2017
India signs Financing Agreement with World Bank for project " Tejaswini"
India and World Bank has signed an agreement for International Development Association (IDA) credit of 63 Million USD for the Tejaswini Project. Tejaswini project is a Socio-economic Empowerment of Adolescent Girls and young woman
The Financing Agreement was signed by Mr. Raj Kumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank.
The Agreement was signed on behalf of India by, Mr.Raj kumar, joint secretary, department of economic affairs, Ministry of finance and Mr.Junaid Khan, country director , World bank (India).
As per Finance ministry statement_ "The Project is to empower the adolescent girls with basic life skills and thereafter providing further opportunities to acquire market driven skill training or completion of secondary education, depending on the inclination of the beneficiary"
About Project Tejaswini.
Tejaswini is the first project of World Bank in India that is fully focused on the welfare of adolescent girls and young women.
The project will be delivered in 17 districts of Jharkhand, about 6,80,000 Adolescent girls and young women are expected to benefit from the project in these 17 districts of Jharkhand.
Project mainly focused on 3 components which include:
- Expanding social, educational and economic opportunities
- Intensive service delivery
- State capacity-building and implementation support